The Real Estate Puzzle: Unraveling Falling Values in Texas
Even If the Real Estate Market Is Cooling, Your Tax Bills Might Still Go Up—Here’s What to Do About It Just a year ago, the median property tax bill in Texas was $2,275 across the state (and over $6,000 in popular counties like Collin, Fort Bend, and Travis). Property tax bills have been on a […]
Protesting Taxes in Texas: Your Solution to High Property Tax Bills
Texans saw increasingly high property taxes throughout the start of the decade, and this financial burden drove legislators to offer a solution. The property tax code revisions approved in 2023 offer tax relief in the form of increased exemptions, caps on property value increases, and new provisions for appraisal review boards. But that action is […]
Harris County Property Tax Breakdown: Your Path to Savings
Homeowners across Texas may consider them burdensome, but property taxes are just as important as the principal and interest portion of your house payment. While the neighborhood, house features, and other factors of your home can impact the initial sales price and 30 years of mortgage payments, those same factors can also impact your property […]
Winning the Texas Property Tax Protest: How to Secure Your Victory
Texas ranks among the U.S. states with the highest property taxes with an average effective rate of 1.60%, well above the national average of 0.99%. The sharp spike in Texas property taxes is mainly because the Lone Star State doesn’t collect income tax and relies heavily on property taxes to fund public services. Like many […]
A Texas Homeowners’ Guide to Protesting Taxes: A Step-by-Step Approach
Property taxes can be a significant burden for Texas homeowners. With industry data revealing that the Lone Star State has the sixth highest property taxes in the country, Texans are struggling to manage the cost of homeownership amidst tough economic times. Fortunately, as a homeowner, you can protest your property tax appraisal for a more […]
Tax Protest Strategies: How to Lower Your Property Taxes Effectively
With the recent changes to Texas property tax laws, Houston homeowners can expect to see approximately $521 in additional savings for a $288,000 home—and comparable properties across the state will also see that potential level of savings. The recent changes increase the homestead exemption amount from $40,000 to $100,000, raising the direct savings from around […]
Property Taxes 101
Licensed real estate professionals … want to learn more about Texas property taxes while earning a CE credit? Find one of our free classes and join us! Attendance is limited; first come first served; 1-hr CE credit. Contact us for a custom class for your firm at outreach@hometaxshield.com.
Texas Prop Tax Laws Changing: Do You Still Need to Protest Your Taxes?
There’s an $18 billion property tax cut package on the November ballot, and property owners are on the cusp of one of the biggest changes to the property tax code in generations. After facing incredible increases in property values in recent years, Texans have also seen increased property tax bills. But, combined with inflation, turbulent […]
How to Help Your Clients Pay Lower Property Taxes
For homebuyers, a real estate agent is more than a professional advisor who manages the business and legal complexities of purchasing a home. You become part financial adviser, part market guru, and part trusted ally in many aspects of the new life that purchasing a home can give your clients. Securing this trust-based relationship is […]
Navigating Property Taxes: New Construction vs. Existing Homes
The Texas housing market is booming and new constructions are fueling a large part of the market. 22.5% of occupied homes were built in 2010 or more recently, and around 33% of home purchases are for newly built homes. You may already know that new homes tend to be more expensive than older homes—the new […]